The Zurich Group $ZURN (+0.21%) achieved record profits in the last financial year. Operating profit climbed by 5 % to 7.75 billion US dollars, while net profit rose by as much as a third to a record 5.81 billion US dollars. Analysts had expected less - one more reason to take an interest in Zurich shares $ZURN!
Shareholders can look forward to an increased dividend: instead of CHF 26, there will now be CHF 28 per share. 💰
The positive developments are due to rising tariffs in property insurance, high demand for pension products and a solid investment result.
Zurich is also pursuing ambitious targets for 2025 to 2027: annual profit growth of over 9% and a return on equity of at least 23%.
What do you think of Zurich's targets and the current share price? Join the discussion!
